Billionaires and financial leaders at the World Economic Forum’s annual meeting in Davos are cautiously optimistic about US President Donald Trump’s approach to business and trade. In a series of high-stakes meetings, many top dealmakers have expressed confidence that Trump will bring much-needed regulatory reforms and tax cuts.
Leading figures from Wall Street, including BlackRock CEO Larry Fink and hedge fund manager Ray Dalio, have met with Trump in the past few days, discussing issues such as trade barriers, corporate governance, and global economic stability. Their optimism is driven by Trump’s promise to slash regulations and reduce taxes, which many see as a boon for business.
However, some critics remain skeptical, citing concerns over Trump’s protectionist policies and potential disruption to global markets. As the world watches with bated breath, one thing is clear: Wall Street is watching Trump closely, and their reactions will have significant implications for the global economy.
Source: https://www.bloomberg.com/news/newsletters/2025-01-21/davos-2025-wef-bankers-see-opportunity-in-dealmaker-trump